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Lax state oversight cited for wide variability in premium increases
Modern Healthcare

The federal government wants state regulators to keep health insurance premium hikes modest for 2016, but consistency and strict enforcement elude states’ rate review processes.

If states had a more unified, rigorous rate review approach, premiums would likely increase tepidly, or potentially decrease, according to a new study in the journal Health Affairs.

Kevin Counihan, CEO of the federal government’s insurance marketplace and the former chief of Connecticut’s exchange, sent a letter to state insurance commissioners last month asking them to “carefully consider” some findings before finalizing rates for 2016.